$GT Quick Breakdown & Trade Setup
#GT is under some selling pressure today, down -2.7% on the hour. The chart shows a drop from 16.18 to a low near 15.48, now stabilizing at 15.58. Short-term moving averages are sloping down, signaling weak momentum for now.
Trade Setup:
• Entry: 15.55 15.60 (light sizing, as trend is still soft)
• Stop Loss: 15.47
• Target 1: 15.72
• Target 2: 15.85
• Target 3: 16.00
Watch for a break above 15.70 with solid volume to confirm a push higher. If it keeps struggling below 15.60, might test the day’s low again. Manage size carefully this looks more like a scalp bounce than a full reversal.